Quadrant Capital Group LLC Grows Stock Position in General Mills, Inc. (NYSE:GIS)

Quadrant Capital Group LLC increased its holdings in General Mills, Inc. (NYSE:GIS) by 26.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,259 shares of the company’s stock after buying an additional 2,940 shares during the quarter. Quadrant Capital Group LLC’s holdings in General Mills were worth $929,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its position in shares of General Mills by 106.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,442,653 shares of the company’s stock valued at $224,254,000 after buying an additional 1,778,345 shares in the last quarter. Nordea Investment Management AB lifted its holdings in General Mills by 48.7% during the third quarter. Nordea Investment Management AB now owns 5,051,607 shares of the company’s stock valued at $325,728,000 after purchasing an additional 1,654,111 shares in the last quarter. American Century Companies Inc. boosted its position in shares of General Mills by 257.7% in the third quarter. American Century Companies Inc. now owns 1,061,943 shares of the company’s stock worth $67,954,000 after purchasing an additional 765,070 shares during the period. LSV Asset Management increased its stake in shares of General Mills by 165.6% in the fourth quarter. LSV Asset Management now owns 1,049,750 shares of the company’s stock worth $68,381,000 after purchasing an additional 654,550 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of General Mills by 6,893.6% during the 4th quarter. International Assets Investment Management LLC now owns 512,139 shares of the company’s stock valued at $33,361,000 after purchasing an additional 504,816 shares during the period. 75.71% of the stock is currently owned by institutional investors.

General Mills Trading Down 0.0 %

Shares of GIS traded down $0.01 during mid-day trading on Friday, reaching $71.39. 1,286,667 shares of the company’s stock traded hands, compared to its average volume of 4,054,105. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $89.28. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. The stock has a market cap of $40.54 billion, a P/E ratio of 16.38, a P/E/G ratio of 2.41 and a beta of 0.15. The stock’s 50-day moving average is $69.21 and its two-hundred day moving average is $66.23.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.05 by $0.12. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 EPS. Research analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GIS has been the subject of a number of analyst reports. Morgan Stanley increased their price target on General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st. Bank of America lifted their target price on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. TD Cowen increased their price objective on shares of General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Sanford C. Bernstein raised shares of General Mills from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $62.00 to $70.00 in a report on Wednesday. Finally, Wells Fargo & Company raised their target price on shares of General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $72.06.

Insider Buying and Selling

In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $70.57, for a total value of $50,104.70. Following the completion of the sale, the insider now directly owns 17,397 shares in the company, valued at approximately $1,227,706.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Werner Lanette Shaffer sold 710 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $70.57, for a total value of $50,104.70. Following the completion of the sale, the insider now owns 17,397 shares in the company, valued at approximately $1,227,706.29. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jonathon Nudi sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the sale, the insider now directly owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The disclosure for this sale can be found here. Insiders have sold a total of 10,765 shares of company stock valued at $745,822 over the last quarter. 0.24% of the stock is owned by corporate insiders.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.